Check Point Software Technologies Given Average Rating of “Buy” by Analysts (NASDAQ:CHKP)
Shares of Check Point Software Technologies (NASDAQ:CHKP) have been given an average recommendation of “Buy” by the seventeen brokerages that are covering the company, American Banking and Market News reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $71.67.
Shares of Check Point Software Technologies (NASDAQ:CHKP) opened at 66.795 on Monday. Check Point Software Technologies has a 52-week low of $55.08 and a 52-week high of $69.92. The stock’s 50-day moving average is $66.20 and its 200-day moving average is $66.12. The company has a market cap of $12.687 billion and a P/E ratio of 19.64.
Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.02. The company had revenue of $363.00 million for the quarter, compared to the consensus estimate of $359.37 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. Analysts expect that Check Point Software Technologies will post $3.66 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Topeka Capital Markets raised their price target on shares of Check Point Software Technologies from $72.50 to $75.00 in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. Analysts at Goldman Sachs initiated coverage on shares of Check Point Software Technologies in a research note on Wednesday, July 16th. They set a “neutral” rating on the stock.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) develops technologies to communications and transactions over the Internet by enterprises and consumers.
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